Co-Founder, Chairman & CEO of American Axle & Manufacturing Holdings I (AXL) Richard E Dauch sells 183,543 shares of AXL on 11/15/2010 at an average price of $11 a share.

American Axle & Manufacturing Holdings I has a market cap of $741.9 million; its shares were traded at around $10.39 with a P/E ratio of 8.3 and P/S ratio of 0.5.

AXL is in the portfolios of George Soros of Soros Fund Management LLC, James Barrow of Barrow, Hanley, Mewhinney & Strauss, Jeremy Grantham of GMO LLC, Steven Cohen of SAC Capital Advisors.

This is the annual revenues and earnings per share of AXL over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of AXL.

CEO Recent Trades:

• Sell: Co-Founder, Chairman & CEO Richard E Dauch sold 38,121 shares of AXL stock on 11/17/2010 at the average price of 11.11. Richard E Dauch owns at least 7,106,641 shares after this. The price of the stock has decreased by 6.48% since.

This is the insider trade history vs. stock price of AXL. For the complete insider trading history of AXL, click here.

Directors and Officers Recent Trades:

• Buy: Director Salvatore J. Sr. Bonanno bought 5,500 shares of AXL stock on 08/04/2010 at the average price of 9.89. Salvatore J. Sr. Bonanno owns at least 25,000 shares after this. The price of the stock has increased by 5.06% since.


• Buy: Director Salvatore J. Sr. Bonanno bought 2,500 shares of AXL stock on 08/02/2010 at the average price of 9.81. Salvatore J. Sr. Bonanno owns at least 19,500 shares after this. The price of the stock has increased by 5.91% since.


• Sell: VP, AAM Americas Curt S Howell sold 3,115 shares of AXL stock on 08/10/2010 at the average price of 10.15. Curt S Howell owns at least 19,110 shares after this. The price of the stock has increased by 2.36% since.


• Sell: VP-Commercial Vehicle Bus Unit John S Sofia sold 3,000 shares of AXL stock on 08/02/2010 at the average price of 9.86. John S Sofia owns at least 15,000 shares after this. The price of the stock has increased by 5.38% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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